Following approval from the corporate ministry, BEML will soon list its land holding company on the exchanges. On the other hand, the Income-tax department reported late Friday that corporate tax collections increased 34% in the first quarter of the current fiscal year compared to the same quarter in 2021–22. Our top headlines have more information on these.

Following approval from the corporate ministry, BEML will list its land holding company on the exchanges in the near future, assisting with efforts to privatise the defence PSU (PSU). The West Bengal and Karnataka governments had to approve the separation of BEML’s non-core assets into the land holding company. An official reported that all approvals were received on August 2.

Qualcomm, a multinational company, dominates the Indian mobile phone chip market. It works with most of the major telcos and manufacturers of mobile devices. In an interview with Surajeet Das Gupta, Rajen Vagadia, president of Qualcomm India & SAARC, discusses the development of the 5G ecosystem and consumer case uses across brands.

The Income-tax department announced late Friday that corporate tax collections increased 34% in the first four months of the current fiscal year compared to the same period in 2021–22. This increase is proof that the “simplified tax regime with low rates and no exemptions” has delivered on its promise, according to the department.

Two more proxy advisory firms have followed Institutional Investor Advisory Services (IiAS) in urging shareholders to vote against Vijay Shekhar Sharma’s reappointment as Paytm’s CEO and MD. Both Stakeholders Empowerment Services (SES) and InGovern Research Services have advised against voting in favour of the resolution by the public shareholders.

Despite the fact that the company’s merchant and personal loans businesses are fully compliant with the new norms, analysts say Paytm’s “buy now, pay later” (BNPL) business may need some operational adjustments to do so. Currently, loans under Paytm Postpaid are not deposited into the customer’s account directly. These are instead transferred to a nodal account, where the payments company transfers them to the merchant’s account.

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